Nobel Energy, part of NEQSOL Holding, is pleased to announce that it has signed a Memorandum of Understanding (MoU) with the Ministry of Energy of Azerbaijan on the development of a 100MW solar power plant in Jabrayil district of Azerbaijan. This development is in line with the national course of the transformation of the area into a Green Energy zone.

The joint development of a 100MW photovoltaic solar power plant will be executed in two stages. The initial phase, comprising 50MW, is scheduled for completion by 2027, with the remaining capacity to be installed in subsequent years.

The plant aims to generate some 180 million kilowatt-hours of electricity annually, providing power to around 58,000 households. The construction phase of the plant will engage a workforce totaling 600 individuals, while its commissioning will lead to the creation of 80 permanent jobs.

Vugar Samadli, CEO of Nobel Energy said: “We are excited for the opportunity to be part of the region’s green transformation plans which is consistent with Nobel Energy’s strategic intent to contribute to a lower carbon future in the region and beyond. With a focus on efficiency and safety, our skilled and tested team of engineers, designers, and technicians is the driving force in the successful execution of solar power project of any scale." 

A customized technical protocol outlining a series of activities has been agreed upon and signed with Azerenerji, the primary electricity producer and transmission system operator in the country. Additionally, the project land plot has been approved by relevant government institutions in the Jabrayil district.

Currently, the pertinent investment agreement, power purchase agreement, and grid connection agreement are being developed jointly with the Ministry of Energy of Azerbaijan and Azerenerji. 

Note to editors

Nobel Energy Group, part of NEQSOL Holding, is an Integrated Energy Production, Development and Services Company committed to contributing to the global transition towards a sustainable and low-carbon future. By leveraging trusted expertise, integrated solutions, advanced technology, strategic partnerships, and a strong focus on innovation, Nobel Energy has positioned itself as a reliable partner in delivering complex and sustainable infrastructure projects across the globe.

Nobel Energy (part of NEQSOL Holding) is pleased to announce its support for an educational program aimed to discover 30 high-potential youth from underprivileged families aspiring to attend top-ranked international universities and equip them with the required knowledge and skills. 

The program, which is implemented by a qualified and successful education company Roof Academic Training, will see the support of exceptionally talented young minds from low-income families in their pursuit of higher education in high-ranking universities. In addition to preparation for critical exams such as IELTS, SAT, GRE, GMAT, and TOEFL, the program also takes in assistance in the processes of university and scholarship applications. 

The program targets students applying to universities in the 2023-2024 academic year, with plans to continue their studies abroad in September 2024.

Selection for the scholarship project has started, and it is being conducted through a meticulous 6-stage process, including initial questionnaire evaluation, English language proficiency level check, personal interview, expert opinion, home-family visit, and final evaluation. Throughout these stages, candidates are assessed based on academic performance, extracurricular activities, social security level, potential, desire, and activity, serving as the primary criteria for evaluation.

Vugar Samadli, CEO of Nobel Energy, said: "The initiative fully aligns with both the country’s and Nobel Energy’s vision to empower youth to secure placements in high-ranking universities to contribute to the development of human capital in our country. This successful program, that has already helped to nurture educational aspirations of a number of high-potential youth from low-income families, reflects our commitment and humble contribution to building a more resilient and brighter future in Azerbaijan."

Note to editors

Nobel Energy Group, part of NEQSOL Holding, is an Integrated Energy Production, Development and Services Company committed to contributing to the global transition towards a sustainable and low-carbon future. By leveraging trusted expertise, integrated solutions, advanced technology, strategic partnerships, and a strong focus on innovation, Nobel Energy has positioned itself as a reliable partner in delivering complex and sustainable infrastructure projects across the globe.

Recently, Glensol, jointly with ENRX (formerly EFD), a global green technology company, hosted a technology Open Day event for its clients, at Glensol’s Your One Stop Shop workshop.  

The two-day event aimed to celebrate a new partnership between Glensol and ENRX, as well as to present ENRX branded technology – the Induction Heating systems (heating solutions) – broadly used in offshore applications.

Anar Orujov, Deputy General Director of Glensol in his opening remarks said: “Entering partnerships is a strategic decision for us. While choosing our partners, we prioritize three fundamental aspects: capability, sustainability, and development of local competency, key factors for delivering our commitments at the highest possible quality. 

Our strategic partnership with ENRX is a good example to that.  ENRX with its decades of experience in induction heating and other green solutions helps us to provide our offshore maintenance service in a more safe, cost-effective, quick, and most importantly sustainable manner. 

Our highly trained engineers use the induction heating equipment in hazardous areas, where open flame cannot be used, to instantly apply and distribute heat in a few seconds and remove metal components easily and safely. Lastly, I want to take the opportunity to thank our partner company for all their support in training our local specialists to use this advanced technology efficiently, a significant input to nationalization strategy.”

Scott Clive Donald, Business Development Executive, ENRX said: “ENRX and Glensol will be working closely together to provide services to all clients within the Caspian Region. The trained engineers of Glensol and qualified engineers of ENRX can easily deliver the technical scopes that are vital for the industry, including from shrink fitting, coating removal, and pre and post weld heat treatment (PWHT) all the way to bolt removal.

With both parties working together very closely now, it will provide a one stop service to clients brining even more sustainability to the business and the industry in a bigger scale. And in that sense, the two-day event was a great success as it has given the customers the knowledge and seeing what value our services can bring to them and to the industry.”

Note to editors

Established in 2012, as a field operations and equipment maintenance subsidiary of Nobel Energy, Glensol has been a trusted provider – of local and international oil and gas companies with rotating equipment, including turbomachinery services and controls, operation and maintenance services – to SOCAR, bp, and other major energy companies in the region and across the world.

Further information: www.glensol.az